Credit Account – Payment Processing Term
Credit Account Credit Account: An account that extends credit to make payments to the account holder based on the promise to pay it back. View Glossary and Payment Processing Terms
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Credit Card – Payment Processing Term
Credit Card Credit Card: A credit card is plastic card that is issued to card holders with a line of credit that can be used to purchase good and services. View Glossary and Payment Processing Terms
Credit Card Processing – Payment Processing Term
Credit Card Processing Credit Card Processing: The electronic process of a payment transaction using a credit card. The credit card processing transaction is verified and is accepted or declined. If it is accepted after authorization the payment is completed.. View Glossary and Payment Processing Terms
Credit Limit – Payment Processing Term
Credit Limit Credit Limit: The maximum amount that can be borrowed by a card holder. View Glossary and Payment Processing Terms
Database – Payment Processing Term
Database Database: A structured set of data held in a computer made to be accessed easily. View Glossary and Payment Processing Terms
Debit Card – Payment Processing Term
Debit Card Debit Card: A card that is linked to a bank account that uses available funds to make payment. A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money is immediately transferred […]
Debit – Payment Processing Term
Debit Debit: A charge to bank card account. Taking payment from a customer’s bank account usually for services or goods. View Glossary and Payment Processing Terms
Data Encryption – Payment Processing Term
Data Encryption Data Encryption: An electronic process of making information unusable or unreadable to anyone that does not have the password/key/tools to make the information usable. View Glossary and Payment Processing Terms